Elon Musk is now in charge of Twitter and has ousted its top three executives.
Sources on Thursday night (early Friday morning UK) would not say if all the paperwork for the deal, originally valued at $44 billion (£38 billion), had been signed or if it had been closed.
However they said the South Africa-born entrepreneur was in charge of the firm and had dismissed chief executive Parag Agrawal, chief financial officer Ned Segal and general counsel Vijaya Gadde.
The billionaire appeared to confirm media reports of his takeover, tweeting shortly before 5am (UK time) on Friday: “the bird is freed”.
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